James Wynn denies rumors about $2 million loss
James Wynn denies $2 million liquidation, says wallet isn’t his
James Wynn, the high-profile crypto trader known for turning a $7,000 investment in PEPE into $25 million, has denied reports of a $2 million liquidation loss.
In a public statement following the news from on-chain analytics platform Lookonchain, Wynn stated that the wallet in question does not belong to him. The platform had earlier claimed that Wynn was liquidated again, with his newly created wallet suffering cumulative losses exceeding $2 million—allegedly a continuation of his high-stakes trading behavior.
Lookonchain under scrutiny for wallet attribution
Lookonchain’s post suggested that Wynn’s aggressive leverage trades had once again backfired, citing wallet data tied to massive PEPE and BTC perpetual trades.
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However, Wynn was quick to refute the claim, adding to growing concerns around the reliability of wallet attribution in crypto journalism. He has previously stated that he often uses alternative or “alt” wallets to avoid being targeted by market participants, referring to “cabal market makers” who allegedly seek to liquidate him.
Wynn’s legend continues despite volatility
Wynn rose to fame for his extreme leverage positions and outsized returns during the PEPE rally, reportedly accumulating up to $83 million in unrealized gains at one point. His trading style—marked by 10x to 40x leverage plays—has earned him both notoriety and admiration, with many in the crypto space labeling him “the most aggressive trader alive.” Despite recent controversies and market downturns, Wynn’s story remains emblematic of the high-risk, high-reward culture driving meme coin and perpetuals speculation in the digital asset space. Whether the latest wallet losses are his or not, the Wynn mythos appears intact—and still evolving.
Recently we wrote that the rise in popularity of crypto trader James Wynn highlights a new kind of hero — someone with specialized knowledge and intuition, capable of making and calmly losing multi-million dollar fortunes in the volatile crypto market.
